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The crypto market is well-known for its volatility, especially compared to stocks and other traditional assets. A cursory look at crypto price charts shows extreme swings, even for the seemingly most established cryptocurrencies. The popularity of stablecoins — cryptocurrencies pegged to an established fiat currency, often the U.S. dollar (USD) — is mainly attributable to this volatility. By maintaining their pegs to USD, stablecoins provide a means of stability in this otherwise highly volatile environment.
No stablecoin asset in the cryptocurrency market today enjoys more popularity than Tether (USDT) — the world's top stablecoin by market cap and trading volumes. USDT's use among crypto traders is virtually ubiquitous, and its daily trading volumes are higher even than those of Bitcoin (BTC).
Bybit, one of the world's leading centralized cryptocurrency exchanges (CEXs), offers crypto traders and investors multiple ways to buy USDT. Purchasing USDT through Bybit ensures security, competitive rates and protections from one of the top crypto trading platforms in the industry. Moreover, once you buy your USDT, you can also put it to work on Bybit through the platform's various yield-generating products.
Key Takeaways:
Bybit offers its users five primary ways to buy USDT: P2P trading, One-Click Buy, Auto-Invest, the Bybit crypto debit card and the Bybit Convert function.
The USDT funds you purchase can immediately be used on the Bybit platform, either through trading on the Spot or Derivatives market or via multiple investment products, including Bybit Savings and Bybit Wealth Management.